Trump Poised to Ink Game-Changing Crypto Bill by August—Banks Already Lobbying to Water It Down

Washington’s worst-kept secret just got a deadline: Former President Trump will sign sweeping cryptocurrency regulations into law before August recess, sources confirm. The bill—touted as ’Wall Street-proof’ by crypto advocates—purportedly clarifies oversight without strangling innovation.

Insiders whisper the legislation carves out exemptions for non-custodial wallets while imposing stricter KYC rules on exchanges. ’Finally letting builders build instead of playing regulatory whack-a-mole,’ tweeted a Coinbase exec—before quickly deleting it.

Meanwhile, traditional finance giants are reportedly drafting ’technical amendments’ (read: loopholes) faster than a Bitcoin miner chasing block rewards. Because nothing unites politicians like watching bankers and crypto bros fight over the same pile of money.

He also reiterated that the administration’s crypto policy isn’t driven by personal ties but by national economic interests. “The President of the United States can’t be bought,” Hines said in response to questions about a recent purchase of TRUMP coins by a small firm.

Meanwhile, the concept of a strategic bitcoin reserve is gaining momentum in Washington. Advocates argue such a move could help reduce U.S. reliance on foreign reserves while simultaneously providing a hedge against inflation and currency volatility. However, building such a reserve would require legal clarity—another reason the pending legislation is seen as critical.

Although optimistic, Hines acknowledged that the regulatory process remains fluid and subject to change. Security risks, market volatility, and evolving political dynamics continue to shape the legislation’s final form.

Despite the hurdles, the Trump administration appears committed to delivering a regulatory framework that balances innovation with investor protection—setting the stage for a new era of crypto integration in U.S. economic policy.